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<br />TOP TEN TAXPAYERS
<br />
<br />
<br />1984 Net % of 1984
<br />Taxable Net Taxable
<br />Assessed Assessed
<br />Name of Taxpayer Nature of Property Valuation Valuation
<br />Kroger Company Grocery, Warehouse Terminal $ 9,904,400 2.18%
<br />Wide-Lite Corporation Illumination Manufacturer 9,237,855 2.03%
<br />Butler Manufacturing Company Metal Building 'Manufacturer 7,265,015 1.60::
<br />H. Y. Price Enterprises Telephone Utility 6,885,090 1.51:
<br />San Marcos Ltd. Apartments 5,810,110 1.28;{
<br />Springtown Center Commercial Properties 5,526,895 1.22~
<br />John J. Stokes Construc-
<br />tion Company Commercial 5,013,940 1.10%
<br />Brown Schools Boarding and Special Schools 3,842,890 .84%
<br />Quinn-L Corporation Apartments 3,644,730 .80%
<br />Shalamar Apartments Apartments 3,600,900 .79%
<br />$60,731,825 13.35%
<br />
<br />TAX ADEQUACY
<br />
<br />1984 Net Taxable Assessed Valuation-------------------------------------------- $455,064,587
<br />
<br />All Gen~ral Obligation Debt ~inC1Uding the Bonds) ...
<br />1986 Principal and Interest equirements-------------------------------------- $ 1,567,069
<br />$0.363 Tax Rate @ 95% Collection Produces-------------------------------------- $ 1,569,290
<br />
<br />Average Annual Principal and Interest Requirements, 1985-2004------------------ $ 1,152,898
<br />$0.267 Tax Rate @ 95% Collection Produces------------------------------------- $ 1,154,271
<br />
<br />General Purpose Debt ...
<br />ï986 Principal and Interest Requirements--------------------------------------- $ 853,883
<br />$0.198 Tax Rate @ 95% Collection Produces-------------------------------------- $ 855,976
<br />
<br />INTEREST AND SINKING FUND MANAGEMENT INDEX
<br />
<br />
<br />General Purpose Debt Service Requirements, Fiscal Year Ending 9-30-85---------$ 376,926
<br />
<br />General Obligation Interest and Sinking Fund, 9-30-84------$ 390,665
<br />1984 Interest and Sinking Fund Tax Levy at 95%
<br />Collections---------------------------------------------- 518,774 909,439
<br />
<br />Estimated Surplus-------------------------------------------------------------$ 532,513
<br />
<br />AUTHORIZED GENERAL OBLIGATION BONDS
<br />Amount Amount
<br />Date Amount Heretofore Being Unissued
<br />Purpose Authorized Authorized Issued Issued ßa1ance
<br />Streets and Drainage 4-7-85 $4,000,000 $ -0- $2,050,000 $1,950,000
<br />Parks/Recreation 4-7-85 400,000 -0- 250,000 150,000
<br />Traffic Lights 4-7-85 250,000 -0- 150,000 100,000
<br />Fire Department 4-7-85 300,000 -0- -0- 300,000
<br />(Telesquirt)
<br />Library 4-7-85 450,000 -0- -0- 450,000
<br />Public Works Complex 4-7-85 700,000 -0- 570,000 130,000
<br />56,100,000 $ -0- $3,020,000 53,080,000
<br />
<br />ANTICIPATED ISSUANCE OF GENERAL OBLIGATION BONDS
<br />
<br />After the issuance of the Bonds, the City will have $3,080,000 authorized general obligation
<br />bonds to be issued. The City plans on issuing these bonds in two years to fund the City's third
<br />and fourth year of their capital improvement program.
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